National sports development fund

Tourists in Hoi An city's ancient quarters(Photo: VNA) Hanoi (VNA) – The Prime Minister has approved a decision to establish a state-owned tourism development fund. Accordingly, the fund – under the Ministry of Culture, Sports, and Tourism – will operate as a single-member limited liability company. It will be used for building plans, allocating funding for tourism promotion activities, and supporting tourism growth in line with the law as well as national strategy and development planning. The fund’s 300-billion-VND (12.9 million USD) charter capital is set to be financed by the State budget in the first three years following its establishment. The State budget will also grant it an annual sum to cover operational costs. The sum will be sourced from the total annual budget collection from tourism entrance fees (5 percent) as well as visa and entry-exit services for foreigners (10 percent). Early this month, Prime Minister Nguyen Xuan Phuc has approved a … [Read more...] about Vietnam sets up tourism development fund

Vietnamese players cheer the second goal in the first-leg final of the ASEAN Football Federation (AFF) Suzuki Cup 2018 in Kuala Lumpur, Malaysia on December 11 (Source: VNA) Hanoi (VNA) - Vietnam signed over 50 cooperation agreements and treaties with countries, territories, and international sports organisations around the world during 1998 to 2016, a period that has seen the most thriving development in the sporting sector, said vice head of the Vietnam Sports Administration (VSA) Le Hoang Yen. In a recent interview granted to the Vietnam News Agency, Yen stressed that due attention has been paid to promoting sports development and physical education, focusing on expanding international cooperation – one of the top priorities towards realising goals set in the national strategy for development of physical education and sports to 2020, with a vision to 2030. With its efforts to enhance international cooperation and integration in the period, Vietnam was credited by … [Read more...] about International cooperation: key to national sports development strategy

Better provision of social security and welfare is always a major policy and task of our Party and State which manifests the fine nature of our regime and guarantees the political and social stability and sustainable development of the nation. In order to introduce essential contents of the draft 2011-2020 socio-economic development strategy, next to the article on "Fast and sustainable development is the standpoint throughout the socio-economic development strategy of our country", Prime Minister Nguyen Tan Dung writes an article on social security and welfare. E-Communist Review has the honor to post this important article of the Prime Minister. … [Read more...] about Better provision of social security and welfare is a fundamental contents of 2011-2020 socio-economic development strategy

NDO – 2017 continues to be a fruitful year for Vietnamese sport with many new achievements gained across different arenas. Vietnam successfully defended its place in the top three at the 29th Southeast Asian (SEA) Games, whilst making the top ten on the overall podium of the 2017 Asian Indoor and Martial Arts Games (AIMAG 5), with most of the country’s gold medals and records won in the basic Olympic sport events.It has also been an outstanding year for Vietnamese youth football, with a number of significant results being achieved at both regional and continental competitions. The right direction has been helping Vietnamese sport to reap fruits; however, there also remain certain inadequacies and shortcomings that have adversely affected the sporting sector’s development. Best things come in small packagesVietnamese sport has again proven itself as a power in Southeast Asia in 2017 claiming third place overall, with 58 gold, 51 silver and 60 bronze medals at the 29th … [Read more...] about Correct investment significantly contributes to success of Vietnamese sport

NDO – 2017 continues to be a fruitful year for Vietnamese sport with many new achievements gained across different arenas. Vietnam successfully defended its place in the top three at the 29th Southeast Asian (SEA) Games, whilst making the top ten on the overall podium of the 2017 Asian Indoor and Martial Arts Games (AIMAG 5), with most of the country’s gold medals and records won in the basic Olympic sport events. It has also been an outstanding year for Vietnamese youth football, with a number of significant results being achieved at both regional and continental competitions. The right direction has been helping Vietnamese sport to reap fruits; however, there also remain certain inadequacies and shortcomings that have adversely affected the sporting sector’s development. Best things come in small packages Vietnamese sport has again proven itself as a power in Southeast Asia in 2017 claiming third place overall, with 58 gold, 51 silver and 60 bronze medals at the … [Read more...] about Correct investment significantly contributes to success of Vietnamese sport Most Recent News